In a podcast with Anthony Pompliano, Lutnick argued that Trump\u2019s \u201cAmerica First\u201d policy led to 3% GDP growth and wage increases during his presidency, with tariffs protecting jobs and boosting domestic manufacturing. He criticized Democratic policies like the American Rescue Plan for over-incentivizing the economy, resulting in inflation that harms the middle and working classes while benefiting the rich.<\/p>\n
Lutnick believes that Trump\u2019s focus on tariffs is crucial for protecting American prosperity, suggesting that if taxes are necessary, they should target foreign producers instead of American citizens. He emphasized the historical success of tariffs in generating public investment without burdening the populace.<\/p>\n